ETFs

Carnegie Investment Counsel Increases Stake in Vanguard Information Technology ETF

Published January 19, 2025

On January 19, 2025, it was reported that Carnegie Investment Counsel has increased its investment in the Vanguard Information Technology ETF (NYSEARCA:VGT) by 5.4% during the fourth quarter of the previous year. The firm now holds a total of 2,269 shares of this exchange-traded fund after purchasing an additional 117 shares. As of their latest filing with the Securities and Exchange Commission (SEC), Carnegie Investment Counsel's stake in VGT is valued at approximately $1,411,000.

In addition to Carnegie Investment Counsel, several other institutional investors and hedge funds have also made moves regarding their positions in the Vanguard Information Technology ETF. For instance, during the third quarter, St. Johns Investment Management Company LLC acquired a new stake estimated at around $30,000, while Peterson Financial Group Inc. made a similar investment with a new position worth approximately $30,000 as well. Coastline Trust Co and Halpern Financial Inc. also established new positions, valuing around $32,000 and $33,000 respectively in the same quarter. Notably, Migdal Insurance & Financial Holdings Ltd. boosted its holdings by 107.1%, increasing its position to 58 shares, now worth about $34,000 after acquiring 30 additional shares.

Performance of Vanguard Information Technology ETF

As of the last trading day, the Vanguard Information Technology ETF opened at $627.47, marking an increase of 1.5%. The ETF has experienced a 52-week range, with a low of $478.25 and a high of $648.66. Currently, it boasts a market capitalization of $79.01 billion, a price-to-earnings ratio of 36.30, and a beta value of 1.41. The stock's 50-day moving average is recorded at $627.16, while its 200-day moving average stands at $594.83.

Understanding Vanguard Information Technology ETF

The Vanguard Information Technology ETF aims to replicate the performance of the MSCI US Investable Market Information Technology 25/50 Index. This index serves as a benchmark for large, mid, and small-cap U.S. stocks operating within the information technology sector, as categorized by the Global Industry Classification Standard (GICS).

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investment, ETF, finance